Category: Current Affairs

Indian Hotels Company Appoints Puneet Chhatwal as MD and CEO

Why in news ? Tata group hospitality firm Indian Hotels Company Ltd (IHCL)has appointed Duetsche Hospitality chief executive Puneet Chhatwal as its Managing Director (MD) and Chief Executive Officer (CEO). About news ? He will take over from incumbent Rakesh Sarna, who is stepping down on 30 September. Before he joined IHCL, Sarna was the […]

BSE Board Approved Another 5-year Termfor Ashish Chauhan as CEO

Why in news ? Top stock exchange BSE’s board has approved another five-year term for its chief Ashish Chauhan. About news ? Chauhan has joined BSE as deputy chief executive officer (CEO) in 2009.  He was made MD and CEO for a period of five years with effect from November 2, 2012. Mr. Chauhan will […]

Fourth Session of the India-Tanzania Joint Trade Committee

Why in news ? The Fourth Session of the India-Tanzania Joint Trade Committee (JTC)meeting was held in New Delhi.  About news ? The Indian delegation was led by Minister of State for Commerce and Industry Ms. Nirmala Sitharaman and Tanzanian delegation was led by the Minister of Industry, Trade, and Investment Mr. Charles John Mwijage. […]

First Synergy Conference on Defence Pension

Why in news ? The Defence Accounts Department (DAD)organized its first Synergy Conference on Defence Pensions in New Delhi. About news ? The objective of the conference was to obtain feedback from the pensioners that would help the department to serve them better with constantly improving systems and procedures. The panel formed to interact with […]

Shri Rajnath Singh Inaugurates “YUVA – ASkill Development Program”

Why in news ? The Union Home Minister Shri Rajnath Singh inaugurated the YUVA – a skill development program. About news ? It is an initiative by Delhi Police under Pradhan Mantri Kaushal Vikas Yojana. Delhi Police has tied up with National Skill Development Corporation (NSDC) and Confederation of Indian Industry (CII) for providing mass […]

PM Modi to Attend 9th BRICS Summit in China

Why in news ? Prime Minister Narendra Modi will attend the 9th BRICS Summit, Xiamen in China’s Fujian province during 3rd to 5th of September. About news ? Subsequently, the Prime Ministerwill pay a State visit to Myanmar from September 5th to 7th. This will be Prime Minister Modi’s first bilateral State visit to Myanmar.

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DaraKhosrowshahi has been appointed as the New CEO Uber

Why in news ? Transport Company Uber has finally selected anew CEO of the company- DaraKhosrowshahi. About news ? He is from Iran. Khosrowshahi is the CEO of online travelbooking company Expedia Inc. He has replaced Travis Kalanick. Khosrowshahi received nearly $95 million in pay in 2015, making him one of the most highly paid […]

India, Germany sign pact to improve grid integration of renewable energy

Why in news ? India and Germany on Monday signed an agreement on technical cooperation under the Indo-German Energy Programme – Green Energy Corridors (IGEN-GEC). About news ? The main objective of this program component is to improve the sector framework and conditions for grid integration of renewable energy.

EPFO to cut investments in AAA bonds: Minister Bandaru Dattatreya

Why in news ? Union labour minister Bandaru Dattatreya said the Employees Provident Fund Organisation (EPFO) has decided to invest about Rs3,000 crore in high-rated corporate bonds this financial year. About news ? The employees provident fund manager at a recent meeting decided to cut the current investment of Rs.15,000 crore in AAA-rated bonds by […]